[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.04.30 15:36
• [Chongqing Guizhou back-to-back networking project starts construction]
• On April 29, 2026, the Chongqing Guizhou Back to Back Interconnection Project (Guizhou side) started construction in Xishui, Zunyi. Southern Power Grid invested 580 million yuan and plans to put it into operation in June 2027. The project involves the construction of 87.9 kilometers of transmission lines and 179 iron towers, connecting the national and southern power grids. The project is located in the mountainous area of northern Guizhou, and needs to overcome karst geology and 352 crossing difficulties. After being put into operation, it will meet the annual growth demand of 6.4% and 7.8% of the load in Chongqing and Guizhou. Editor/Cheng Liting

• 2026.04.30 15:35
• [Daqing Oilfield's Sichuan Chongqing Exploration Area breaks through the barrier again]
• On April 27, 2026, the cumulative sales volume of natural gas in the Sichuan Chongqing exploration area of Daqing Oilfield has exceeded 5 billion cubic meters, reaching 5.03 billion cubic meters, and the daily gas production has remained stable at 5.7 million cubic meters, injecting strong momentum into the construction of the Chengdu Chongqing economic circle and national energy supply guarantee. Editor/Cheng Liting